We expect MIL to report a net revenue CAGR of ~9% to ~Rs1,106cr over FY2016-18E on back of strong growth in domestic branded sales (owing to aggressive ad spend and addition in the number of EBOs & multi-brand outlets [MBOs]) and healthy export revenues. On the bottom-line front, we expect a CAGR of ~9% to Rs92cr over the same period ..